Open House Alerts & Featured Properties!

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FEATURED PROPERTY: CURRENTLY OFF-MARKET BUT WILL BE LISTED SOON - Projected $498,600 Gross Income, $373,909 Net Profit, 9.2% CAP rate @ ARV of $4,000,000. ARV (After Repair Value) is calculated with current $3.45MM asking plus $550K over-estimated for a complete renovation equalling $4MM. This Class A, 50,000SF Property is under renovation to be 31 Residential Units and 3 Commercial Units. The property is designed with superior quality and offers plenty of on-site parking. This building provides an excellent location Just outside of the downtown Allentown Business District, 1 mile from Muhlenberg, On a Lanta Public Transportation Bus Route while overlooking park areas and has easy access to Rte 78, 22, 309 and Hamilton Blvd.  The owner has been updating the property and it has a bunch of extras such as he just installed a 1.2 Million BTU gas furnace, 30-year rubber roof installed in 2015, and a full sprinkler system throughout the entire building.  The property consists of 2 acres on Hamilton Blvd with 35k plus cars per day traffic volume.

Dear Investors:
 
I trust this email finds you well. 
 
Today we have 2 commercial open houses to share with you, one today located at 2205 Village Rd in Orefield, PA from 4:30-6:30, the other one is located at 709 Line St in Easton, PA from 12-4 this Saturday, May 18th.  We have also chosen to feature multiple properties this week instead of just one or two with a listing of available properties, we want to make sure our investors can get all of the details on these super hot properties.  Please also make sure you check out our off-market properties we currently have featured on www.lehighvalleyoffmarket.com.  

 

Open House TODAY: 2205 Village Rd Orefield, PA -Freshly Painted Mixed Use Investment property for sale in Orefield.  $68,400 Gross, $46,392 Net with a 10.5% Soft Cap at $440k Asking Price.  The 4 Unit property consists of the original Werley's store and three apartments a 3 Bedroom, 2 Bedroom, and 1 Bedroom. w/14 car parking lot and a garage.  Open House TODAY May 15th 4:30-6:30

 Open House: 709 Line St Easton, PA $40k Gross $32.8k Net with a 9.9% Cap Rate at $330k Asking price.  Separate utilities including, electric, water & sewer. Tenants Pay All Utilities. Large 6+ Car Parking Pad, Storage Area In Basement. Rents are significantly lower then market value due to long term tenants, the entire building is in pristine condition.  Open House May 18th 12-4pm

419 W. 4th St Bethlehem, PA - 37,320K GROSS - 27,870K NET - 11.19% CAP @ $249k Asking Price. Well maintained & updated 2900+SF, 3-UNIT INVESTMENT asset. 6BR detached house with 3 full BA that has separate electric and gas meters. 1st FL is rented to a family member at a below market rate. Wide stairwell and 12-foot ceilings on level one. 1st FL also has a studio apartment. 2nd FL apartment has a kitchen, 2 BR, living room, and full BA. The 3rd FL of the property with minimal work and expense can be converted to rental space with the installation of a fire escape. Property has limited exterior maintenance as most of its trim has been encased in aluminum. Basement has a walk out, is dry and houses a 5-year-old boiler and 2 gas water heaters and several electric panels. At the rear of the property is a 1000 square foot outbuilding which doubles as a 2 car garage and storage site. This is a grand structure which will be sold with a clear certificate of occupancy.

BACK ON THE MARKET!!!  528 N 6th St Allentown, PA - INVESTORS ONLY - $45,000 GROSS INCOME, $35,393 NET PROFIT 10% CAP Rate @ $340k asking price. 250k invested to completely remodel and upgrade this fully occupied, turnkey, cash flowing 4-unit multifamily mansion and carriage house with clear c/o housing over 5700SF in 2 very well maintained and extremely spacious all-brick buildings. Itemized capital costs are available. New roof, energy/efficient windows, newer carpet, refinished original hardwood floors, new baths, new baseboard heaters, newer water heaters, fresh paint, new appliances, remodeled kitchens, new PEX plumbing, antique water heaters modernized, completely rewired electric throughout, separate utilities, laundry/storage area, and landscaped community atrium. Rents can be raised with the condition and location. Strong leases w/ long term tenants, security deposits, background/credit checked. UP to latest code with all health & safety standards with wired-in smoke detectors and metal fire escapes.

Unbranded gas station (BIZ) in Pottstown, PA. $150k Net 39% cap at Asking Price of $375k. This is a profitable station with strong cash flow, significant traffic count & supreme location. All information and tax returns are available upon proof of funds/pre-approval or some other financial viability. The owner has put in $30k of updates including signage, state of the art camera system, interior and exterior renovations. With a re-flag, there are massive benefits from a new franchise that should be explored, including new pumps, new pavement, new signage, in-store updating. Station sells on average 15k gallons per month. This can increase with marketing and management. Groceries and cigarettes, $6,500 per week, $330k yearly Fuel profit: Regular 13-15 cents. Mid is 20 cents. Supreme is 20-30 cents Kerosene is $1.50 to $3.00 (kero is very popular at this station and holds massive profitability if expanded) All environmental up to date, certs can be provided.

Multiple Properties in Easton -  19+ Units Multi-Family in Easton Fully Occupied $120k Net asking 1.3M which will still bring you in at over a 10% Cap Rate at asking.  Pictures and financials available upon request.

 
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Contact us:
Lauren Jung - 484.515.4939, l.j@thetgteam.com
James Reardon - 484.866.2495, j.r@thetgteam.com
Office - 610.250.8905
Century 21 Keim Realtors
Suite J
2299 Brodhead Rd
Bethlehem, PA 18020
 

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